“ If the people are to be dominated by selfishness, seeking immediate riches by nonproductive speculation and by wasteful quarreling over the returns from industry, they will be confronted by the inevitable results of depression and privation. ”
Calvin Coolidge, State of the Union Address (8 December 1925). copy citation
| Author | Calvin Coolidge |
|---|---|
| Source | State of the Union Address |
| Topic | selfishness depression |
| Date | 8 December 1925 |
| Language | English |
| Reference | |
| Note | |
| Weblink | http://www.gutenberg.org/files/5036/5036-h/5036-h.htm |
Context
“The element of time enters into production, If the people have sufficient moderation and contentment to be willing to improve their condition by the process of enlarging production, eliminating waste, and distributing equitably, a prosperity almost without limit lies before its. If the people are to be dominated by selfishness, seeking immediate riches by nonproductive speculation and by wasteful quarreling over the returns from industry, they will be confronted by the inevitable results of depression and privation. If they will continue industrious and thrifty, contented with fair wages and moderate profits, and the returns which accrue from the development of oar natural resources, our prosperity will extend itself indefinitely.”
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